GBP/USD Forecast April 3, 2017, Technical Analysis

The GBP/USD pair fell initially on Friday but found enough support to turn things around and show signs of strength. Currently, looks as if the British pound is starting to pick up a little bit of momentum but there is a lot of noise just above. Once we get above the 1.27 level, the markets are free to go much higher. Alternately, a pullback should be supported, and could offer a nice buying opportunity as it would represent “value.” Currently, I have no interest in selling this market and believe that the British pound is starting to look interesting.

Eracash.com - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com